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GEICO is Terminating Insurance Coverage of Tesla Cybertrucks, Says “This Type of Vehicle Doesn't Meet Our Underwriting Guidelines” (www.torquenews.com)

submitted 1 month ago by [email protected] to c/[email protected]

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GEICO, the second-largest vehicle insurance underwriter in the US, has decided it will no longer cover Tesla Cybertrucks. The company is terminating current Cybertruck policies and says the truck “doesn’t meet our underwriting guidelines.”

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[–] [email protected] 52 points 1 month ago (17 children)

Class action lawsuits are gonna be a mother fucker

[–] [email protected] 85 points 1 month ago (16 children)

Class action lawsuits are gonna be a mother fucker

Part of the purchase agreement of a Tesla agreeing to binding arbitration. This means no class action suit. You can opt out of this within the first 30 days, but you have to send a letter requesting it.

How many Tesla owners do you think do that?

[–] [email protected] 14 points 1 month ago (2 children)

Steam recently removed their arbitration clause, largely because paying for a thousand arbitration cases is worse than dealing with a class action.